Racecourse celebrates £12m boost to Scotland
Perth Racecourse benefits the Scottish economy by almost £12 million a year, providing the equivalent of 130 full-time jobs, a new report has found.
The study was commissioned by the racecourse and produced by 4-Consulting, using Scottish Government measurement models, and discovered that about £10m of the total has a local benefit.
The race course–which dates back to 1613 and also includes a venue for weddings, parties, events and conferences as well as a hotel that opened in 2016 – said there are two main drivers of economic activity. These comprise the racecourse itself, and visitors’ off-course spend in the local area on race days.
More than 50,000 spectators attended Perth’s 15 race days in 2017, equating to a daily average crowd of 3,340, with 75 per cent of visitors to the Scone venue from outside Perth and Kinross.
Hazel Peplinksi, chief executive at Perth Racecourse, said the attraction “has become a major exporter to the rest of Scotland and beyond”.